Orion Office REIT
ONL
211 hedge funds and large institutions have $71.2M invested in Orion Office REIT in 2025 Q2 according to their latest regulatory filings, with 43 funds opening new positions, 41 increasing their positions, 54 reducing their positions, and 60 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less capital invested
Capital invested by funds: $72.6M → $71.2M (-$1.41M)
1.12% less ownership
Funds ownership: 60.63% → 59.51% (-1.1%)
8% less funds holding
Funds holding: 230 → 211 (-19)
24% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 54
28% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 60
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kawa Capital Management
Hallandale Beach,
Florida
|
+$5.62M |
| 2 |
PL
Parkwood LLC
Cleveland,
Ohio
|
+$3.7M |
| 3 |
RC
RBF Capital
San Francisco,
California
|
+$1.91M |
| 4 |
JGC
J. Goldman & Co
New York
|
+$1.7M |
| 5 |
Jane Street
New York
|
+$1.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$5.8M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$5.13M |
| 3 |
State Street
Boston,
Massachusetts
|
-$1.9M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$1.41M |
| 5 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
-$1.3M |
ONL Hedge Fund Activity: Q2 2025 in Review
211 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Orion Office REIT (ONL) for Q2 2025, worth a combined $71.2M — down 1.9% from $72.6M a quarter earlier.
Sellers outnumbered buyers: 60 funds closed out of ONL and 43 opened new positions — a net loss of 17 holders — while 54 trimmed existing stakes and 41 added.
The largest buyer was Kawa Capital Management, adding an estimated $5.62M. The largest seller was BlackRock, cutting an estimated $5.8M.
- 211 institutional investors held Orion Office REIT (ONL) as of Q2 2025, down from 230 in Q1 2025.
- Funds reported $71.2M of Orion Office REIT stock for Q2 2025, down 1.9% quarter-over-quarter.
- 43 funds opened new Orion Office REIT positions in Q2 2025 and 60 closed out, a net change of -17 holders.
- The largest Orion Office REIT buyer in Q2 2025 was Kawa Capital Management, an estimated $5.62M added.
- The largest Orion Office REIT seller in Q2 2025 was BlackRock, an estimated $5.8M sold.
Based on aggregated 13F filings for Q2 2025.